Chapter 12 - Uncertainty, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 If someone has strictly convex prefe
Chapter 6 - Demand, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 Prudence was maximizing her utility subjec
Chapter 8 - Slutsky Equation, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 Ivan spends his entire income on
Chapter 14 - Consumer Surplus, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 There is a positive net consume
Chapter 15 - Market Demand, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 The inverse demand for a good is g
Chapter 15 - Market Demand, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 The inverse demand for a good is g
Chapter 16 - Equilibrium, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 The inverse demand curve, which is a
Chapter 18 - Technology, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 If y is the amount of output and x1 a
Chapter 19 - Prot Maximization, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 If a prot-maximizing competiti
Chapter 13 - Risky Assets, Practice Problems, ECO 206
Long Answer Problems
Please provide detailed answers to each question
Question 1 Shiori is looking to invest her total wealth of $100,000. She may invest
her money in a risky asset, a risk-free asset,
Chapter 18 - Technology, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 If y is the amount of output and x1 a
ECO206 (Spring 2012) Problem Set
Game Theory II: Strategic Games with Mixed Strategies
Question 3
We studied the Cournot duopoly game, where each rm chose output taking the other rms choice of output
as given. Now, we will consider the case where each rm
ECO206 (Spring 2012) Problem Set
General Equilibrium I: The Pure Exchange Economy (Chapter 31)
Question 1
Determine whether the following statement is are true, false, or uncertain. Explain in detail.
In a pure exchange economy with two goods, if there is
Chapter 14 - Consumer Surplus, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 There is a positive net consume
Chapter 12 - Uncertainty, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 If someone has strictly convex prefe
Chapter 2 - Budget Constraint, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 If good 1 is measured on the ho
Chapter 2 - Budget Constraint, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 If good 1 is measured on the ho
Chapter 3 - Preferences, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 If there are two goods, if a consumer
Chapter 3 - Preferences, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 If there are two goods, if a consumer
Chapter 4 - Utility, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 Angelas utility function is U (x1 , x2 )
Chapter 4 - Utility, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 Angelas utility function is U (x1 , x2 )
Chapter 5 - Choice, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 Jane Does utility function is U (x, y ) =
Chapter 5 - Choice, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 Jane Does utility function is U (x, y ) =
Chapter 6 - Demand, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 Prudence was maximizing her utility subjec
Chapter 8 - Slutsky Equation, Practice Problems, ECO 206
True/False/Uncertain Questions
Indicate whether the statement is true, false or uncertain and explain your choice by
providing a suciently detailed answer
Question 1 Ivan spends his entire income on
Chapter 9 - Labour Supply / Buying and Selling, Practice
Problems, ECO 206
Long Answer Problems
Please provide detailed answers to each question
Question 1 Dudley has a utility function U (C, R) = C (12 R)2 , where R is leisure
and C is consumption per da
Chapter 9 - Labour Supply / Buying and Selling, Practice
Problems, ECO 206
Long Answer Problems
Please provide detailed answers to each question
Question 1 Dudley has a utility function U (C, R) = C (12 R)2 , where R is leisure
and C is consumption per da
ECO206 (Spring 2012) Problem Set
General Equilibrium II:
the Robinson Crusoe Economy (Ch 32)
Question 1
Yousef lives alone in the forest and only eats berries. If he spends h hours picking berries in day, then he
can pick h litres of berries. Yousefs util